Кондоминиумы и регулируемые ставки

While 203(b) is for houses, the FHA also insures loans for condominium units under Section 234(c). For a buyer to use an FHA loan for a condo, the specific condominium project must be on the FHA-approved list. Additionally, the FHA offers adjustable-rate mortgages (ARMs) under Section 251. These loans follow the standard FHA underwriting guidelines but have interest rates that fluctuate based on market indices, subject to specific caps that limit how much the rate can increase annually and over the life of the loan.